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Naboo Raises $70 Million Series B to Build AI Tail‑Spend Procurement Platform

Lightspeed leads the round to support a New York hub for U.S. expansion.

Overview

  • The financing was led by Lightspeed Venture Partners, with participation from Notion Capital, ISAI and Ternel.
  • Naboo says it will extend beyond events into a global tail‑spend procurement platform powered by agentic AI.
  • Planned capabilities include automated sourcing and tenders plus centralized booking and payments that enforce corporate policies.
  • The company is opening a New York hub and hiring across Paris, Hamburg, Barcelona and Montreal to scale in North America.
  • Naboo reports tripled year‑over‑year growth to $150 million in business volume, enterprise clients such as KPMG, HSBC, Meta and Google, and targets to triple 2026 revenue and surpass $1 billion in 2027 volume.